Auto Added by WPeMatico

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss…

Continue ReadingBRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’

Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to…

Continue ReadingSaudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’